#1  
14th May 2019, 03:03 AM
Unregistered
Guest
 
Posts: n/a

How much interest charges during moratorium period of Tamilnad Mercantile Bank Education Loan for BTech course?


Hi Sir, I am trying to apply for an education loan in Tamilnad Mercantile Bank for my BTech course. I want to know that for applying an education loan what interest charges during the moratorium period? Kindly tell me immediately. Waiting for your response!




  #2  
17th May 2019, 09:42 PM
ppsahu
Senior Member+++++
 
Join Date: Apr 2018
Posts: 12,628
Default Re: How much interest charges during moratorium period of Tamilnad Mercantile Bank Education Loan for BTech course?

Simple interest is charged during the moratorium period. Concession in 1% is given if interest is serviced during the moratorium period or 1% concession for prompt repayment of EMI if interest is funded during moratorium.
Moratorium period is course duration plus 1 year or 6 months after getting a job whichever is earlier. Maximum repayment period of loan is 15 years after commencement of repayment.

For details, you can refer the below mentioned official website link;
https://www.tmb.in/retail_education_...ia_abroad.html
Do you have any question? or have anything to say?



Related Topics:

Thread Replies Last Post
How much interest charges during moratorium period of Karnataka Bank Education Loan? 1 4th March 2023 02:17 PM



Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.0
vBulletin Optimisation by vB Optimise.
Please also check: